Five homes sold in Pinecrest over the past 3 months in the price range of $700,000 to $900,000. One sale stands out: In gated Arabesque, 11020 SW 77 Court Circle sold within three weeks for $850,000. Four bedrooms, three and a half baths, 3878 square feet of living space and a 15,084 square foot lot, it was listed for $879,800. High ceilings, turn key, appealing to the eye, in a private gated community, and offering Pinecrest’s sought-after public and private schools, it sold in the blink of an eye.

Of the other four closed recorded sales in the past three months in Pinecrest (each selling between $700,000 and $900,000) one was on the market for a year-and-a-half before it sold. On 3/4 of an acre (a 38,768 square foot lot) 6175 SW 133 Street sold for $800,000 (dramatically reduced from it’s original asking price of $1,250,000 a year and a half back).

It’s still very much a buyers’ market. Among the lowest priced listings in Pinecrest, and originally priced at $750,000 – 8395 SW 136 Street – is currently the lowest priced bank-owned property in Pinecrest, listed at $379,000. Four bedrooms. Two baths. From there, the list prices in Pinecrest soar upward, ranging all the way up to $6,999,000.

With some 250 homes currently listed for sale in the Village of Pinecrest, the majority are luxury properties… priced to sell at $750,000 and above…. and there are some good opportunities for those ready to buy. Certainly, this is a time where negotiation skills are key. But more importantly, recognizing a good deal when you see one, and not hesitating when you do, is key. It’s not always a matter of negotiating down a price, but often one of recognizing when you’ve found something you like, that is “priced right”… and jumping on it.